Question 1

Suppose that at a given volume,total costs and fixed costs are known.How are the variable costs per unit computed?

Accepted Answer

A)  (total costs − fixed costs) /unit volume
B)  (total costs/unit volume)  − fixed costs
C)  (total costs × unit volume)  − (fixed costs/unit volume) 
D)  total costs − (fixed costs/unit volume) E) A) and D)
F) A) and C)

Question 2

Select the appropriate item for each of the definitions listed below.
-measures output and explains changes in cost

Accepted Answer

A)  Dependant variable
B)  Independent variable
C)  Intercept
D)  SlopeE) A) and C)
F) All of the above

Exam 3: Cost Behaviour

Select the appropriate item for each of the definitions listed below. -measures output and explains changes in cost

Correct Answer
verified

Suppose that at a given volume,total costs and fixed costs are known.How are the variable costs per unit computed?

Correct Answer
verified

Exam 3: Cost Behaviour

Select the appropriate item for each of the definitions listed below. -measures output and explains changes in cost

Correct AnswerverifiedShow Answer

Suppose that at a given volume,total costs and fixed costs are known.How are the variable costs per unit computed?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified